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Taxes and Bankruptcy
Taxes & Bankruptcy are complex and a nuanced area of law. Some back taxes owed to the IRS are dischargeable (erased) through bankruptcy, while others are not. Before filing for bankruptcy it is important for you to understand how you will be affected by filing, and...
4 Keys to Successfully Managing Your Personal Finances
Personal Finances When you have a solid grasp of your personal finances you will be free from stressing out about money, your bills will be paid, your financial goals can be met. Many of us get out of school without ever having taken a course in personal financial...
Bankruptcy Stops Wage Garnishment
Wage garnishment can be disastrous for individuals and families who are already struggling to make ends meet. To garnish wages most creditors must file a lawsuit against you and obtained a judgment. By the time wages are garnished your employer has been notified of...
Practical Steps to Take Before Filing Bankruptcy
Deciding to file for bankruptcy is a difficult decision. Though, erasing your debt through bankruptcy may be the best decision you could make for your financial future. Once you are free from unmanageable debt, like credit card and medical debt, you will be in a...
3 More Reasons to File for Bankruptcy
We recently published 3 Reasons to File for Bankruptcy and because there are many reasons why people need to file for bankruptcy protection, we thought it important to follow up with 3 More Reasons to File for Bankruptcy. For many, filing is the best decision for...
Bankruptcy Preparation
Start Shaping Your New Life Today We can help you clear up the confusion. New Clients need to bring the following items to their bankruptcy preparation appointment: It can be empowering to know your rights. We explain and protect your rights while we work with the...
Can My Bank “Offset” My Account?
When a Bank “Offset” an account, it means that the bank seizes funds from an account to satisfy an unpaid debt owed to the bank. For example, a bank may offset (take money from) a debtor’s checking account to pay for a missed car payment where the bank also holds the...
Tax Collector’s Right to Levy Your Bank Account
Most Tax Collector’s (the banks you owe money) have very little right to force collection from you without first winning a lawsuit against you for not paying back your debt. For example, if you stop paying your credit card bill, the bank who backs that card would have...
Why Some Chapter 13 Bankruptcy Plans Fail
Chapter 13 bankruptcy is a powerful legal tool. It offers a number of advantages to a debtor, including the opportunity to erase certain debts and to catch up on mortgage arrears, missed car payments, and back taxes. Chapter 13 creases a debt repayment plan that lasts...
How Does Bankruptcy Affect My Mortgage?
If you own a home and are considering filing for bankruptcy protection, you likely have many questions about how your home and mortgage will be affected by filing. First, understand that every bankruptcy case is unique and your options and how you will be affected is...
Why Are Some Creditors Paid in Bankruptcy While Some Are Not?
Just as some debts are treated differently in bankruptcy – some debts can be discharged (erased) in bankruptcy and some cannot – so too are creditors treated differently in bankruptcy, so why are some creditors in bankruptcy paid while some are not? Whether or not a...
George
George Foreclosure to occur in 10 days Filed chapter 13 Foreclosure stopped After filing George was able to do a home loan modification. He stopped the foreclosure by filing chapter 13 and then he lowered his payments by getting a home loan modification
Feeling Harassed?
Bankruptcy should not be a confusing process, we can guide you to financial freedom. It’s time for a fresh start.
